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| Capital city: |
Jakarta |
| Surface area: |
1,905,000 sq km |
| Population: |
224.9 million |
| Official language(s): |
Bahasa Indonesia |
| Head of State & Head of Government: |
H.E. President Dr Susilo Bambang Yudhoyono |
| Australian exports to Indonesia: |
A$3,970 million |
| Australian imports from Indonesia: |
A$4,538 million |
| Indonesia's principal export destinations: |
Japan, USA, Singapore |
| Indonesia's principal import sources: |
Singapore, China, Japan | (Source: Department of Foreign Affairs and Trade - Country economic fact sheet) |
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Indonesia’s economy has been unstable in recent months due to ongoing political uncertainty and domestic security problems. The political and economic uncertainty in Indonesia has reduced investor and trading confidence.
Key economic indicators and statistics for 2007:
GDP - US$432.9 billion
GDP per capita - US$1,925
Real GDP growth - 6.3 per cent
Inflation - 5.6 per cent
(Source: Department of Foreign Affairs and Trade - Country economic fact sheet)
More recently, there has been some tension in the Indonesian government and IMF relationship, largely over the slow pace of economic reforms and Indonesian Bank Restructuring Agency (IBRA) asset sales. The Executive Board of the International Monetary Fund (IMF) completed its 11th and final review of Indonesia's performance under a US$5.3 billion Extended Fund Facility arrangement on 19 December 2003. Indonesia elected to exit the IMF Program, agreeing to a Post-monitoring program instead. IBRA reached the end of its mandate on 27 February 2004 with an estimated 95 per cent of its assets sold.
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The Republic of Indonesia gained independence on 17 August 1945, and
the Constitution was adopted as the fundamental law of the nation.
Under the provisions of the Constitution, the President is the leader
of the country and is assisted by the Vice-President and Cabinet
Ministers. The President is accountable to the People’s Consultative
Assembly (MPR–Majelis Permusyawaratan Rakyat) where the sovereignty of
the people rests, while the legislative power is vested in the House of
Representatives (DPR). |
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Indonesia is a member of the Association of South East Asian Nations
(ASEAN). Malaysia, Philippines, Singapore, Thailans, Brunei-Darussalam,
Vietnam, Laos, Burma and Cambodia are also part of ASEAN.
The Australia-Indonesia Development Area
(AIDA) is an initiative aimed to develop closer economic relations
between Australia and the eastern provinces of Indonesia. By involving
the private sector as the key player in the AIDA process and
governments as facilitators of their efforts, AIDA aims to improve the
environment for private sector trade and investment in the region.
AIDA's institutional mechanism is designed to provide the widest
possible opportunity for interaction between government and business.
The private sector will direct AIDA process through six sectoral
working groups in the areas of agriculture, fisheries and animal
husbandry, mining and energy, tourism, transport, education and
training, trade and industry. The working groups will enable business
to make and reinforce business contacts, and to make known their
requirements to governments.
Major Australian exports to Indonesia (2007):
- Live animals – A$341 million
- Aluminium – A$298 million
- Crude petroleum - A$259 million
- Milk and cream – A$160 million
Major Australian imports from Indonesia (2007):
- Crude petroleum – A$2,153 million
- Gold - A$260 million
- Monitors, projectors and TVs – A$140 million
- Wood, simply worked - A$114 million
(Source: Department of Foreign Affairs and Trade - Country economic fact sheet) |
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